Chanson International Resumes Trading After SEC Suspension

Dow Jones10-23

By Josh Beckerman

Chanson International Holding, a China-based operator of bakeries, resumed trading on Nasdaq as a Securities and Exchange Commission suspension ended.

Shares were down 10% to $10.97 Tuesday. Shares are up roughly eightfold this year.

The SEC said on Sept. 7 that it had questions and concerns about potential stock manipulation, mentioning recommendations "made to investors by unknown persons via social media."

In response, Chanson said it received an information request from Nasdaq. The company said it hasn't participated in any price manipulation activity and would fully cooperate with the SEC and Nasdaq.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

October 22, 2024 13:10 ET (17:10 GMT)

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